CEO / CHAIRMAN
We had taken more than a year to develop Projagg to what we would expect a formidable product and an irresistible platform for real estate developers and its ecosystem of vendors, investors,consultants and suppliers. It took us this time because we wanted an outstanding product that is patentable.
True enough, Singapore Government Grant has seen Projagg potential and funded us for patent application. Although this process took us some time, we successfully surpassed it in due time.
Now, we have to delve in with our programmers to sieve through tons of codes and pull out the core technology so we can patent it. It is a very tedious and laborious process and it might take us another month to complete it. We are hoping we can file in our patents by end of April 2020. Only then, we can launch the platform officially and start our business revenue.
We understand that venturing to tech-startups in seed stage may take a longer time to revenue so, we took the initiative to expand our portfolio acquisition to revenue generating companies. This will balance out our portfolio to ensure healthy cash flow of the company and viable returns for the investors.
Henceforth, we shall begin our 2nd Quarter with an inclusion of our next phase of portfolio acquisition.
We will start to acquire or to Joint Venture with companies that are already in growth stage and have gained significant traction. Our objective is to invest to these companies, help them accelerate and scale globally, with our mission to breed them to be the next Unicorn.
I wish everyone well and safe even during this period of pandemic